Samsung India Electronics Pvt Ltd has deposited Rs 300 crore with the Directorate of Revenue Intelligence (DRI) after the company discovered that the corporate had allegedly incorrectly declared imports of Remote Radio Head, an equipment used for the 4G telecom know-how, sources informed The Indian Express.
In July, the DRI began investigating the imports of Remote Radio Head by Samsung India. The company discovered that the tech big had mis-declared and categorized the imports as telecom items that appeal to zero responsibility. The DRI had additionally searched the Mumbai and Delhi places of work of Samsung as a part of their probe. Subsequently, the probe company had questioned their chief monetary officer and some different officers in reference to the case.
“The imports of Remote Radio Head were declared as eNodeB that attract zero duty. The short-paid duty on the consignments imported by Samsung India is over Rs 500 crore. However, on August 17, the company deposited Rs 300 crore towards their duty liability,” the supply added.
The Indian Express had reached out to Samsung by way of an e-mail however has not acquired a reply but.
